Thursday, May 15, 2014
Leon Cooperman walks through his thesis on Monitise
Leon Cooperman was on CNBC today and walked through his thesis on Monitise. He thinks if they get to 200m subscribers they could earn 0.15 per share and it should be a 30x or so multiple business. He thinks this business could displace some of the existing financial players. In this light MasterCard and Visa have been aggressively investing in Monitise. He thinks if they go from 20m to 200m customers he will make a lot of money.